“…This group of innovations is neglected in Teece's (1997Teece's ( , 2007 dynamic capabilities approach as well as in Pümpin and Prange's (1995) concept of a dynamic enterprise. The recent crisis, which is not only a global economic but also or especially a global strategic ethical-moral crisis (Hauc, Vrečko, & Barilović, 2011), shows that, not only cultural dimensions of enterprises' dynamics have to be studied (as in our contribution), but also ethical dimensions of enterprises' dynamics and subsequent performance are of great importance (e.g., the presence and influence of ethical core values, ethical climate, and formal and informal measures of business ethics implementation) (e.g., Belak, 2009;Belak, Duh, & Milfelner, 2012;Belak & Milfelner, 2011Belak & Mulej, 2009;Belak & Pevec Rozman, 2012;Duh et al, 2010;.…”